An affiliate of Hyatt Hotels Corp. has entered into a management agreement with Shanghai Xintian Real Estate Co. Ltd. (a joint venture by Shanghai Industrial Urban Development Group Ltd. (SIUD), Sun Hung Kai Properties Ltd. (SHKP), and Shanghai Minhang Urban Construction Investment Co., Ltd.) for a Hyatt Centric hotel in southwestern Shanghai.
Expected to open in 2024, the new 186-room Hyatt Centric hotel will be a part of the 7.5-million-square-foot (700,000-square-meter) Todtown mixed-use development on top of the Xinzhuang metro station that will be comprised of residential units, serviced apartments, offices and a shopping mall. Designed with social spaces, the hotel will have a restaurant, gym, an 82-foot (25-meter) pool and two multi-functional meeting rooms.
The development will be near the Minhang Economic Development, Zizhu Science Park, National Exhibition and Convention Center and Shanghai Hongqiao International Airport/Hontqiao Railway Station (via subway).
“It is our great pleasure to be working with Hyatt on this project and look forward to leveraging our expertise with Hyatt’s innovative approach in the hospitality industry to meet our customers’ evolving needs,” said Eric Tung, executive director of SHKP and board chairman of Todtown. “This project has received huge support from the local government and is the first transit-oriented development to be constructed without disrupting existing transit operations. The complex is set to be another successful transportation hub in Shanghai, connecting the south and north sides of the railway to alleviate the current urban fragmentation problems.”